Solar Panel Cost Guide in Ferry Pass, FL (Mar 2023)
- Ferry Pass Solar Installation Cost: $10,307
- 25-Year Savings: $25,531
- Payback Period: 7.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Ferry Pass
We go over average solar pricing in Ferry Pass.
While the national average of solar panels is $2.66 per watt, solar panels in Ferry Pass typically cost about 2.53. Because a 5.8-kW system is needed to cover the energy costs of a typical home in Ferry Pass, the average price of going solar will be about $10,307 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy use, the type of solar panels you want to get, your solar contractor and more. Many homeowners find installing a solar system is a solid investment. The average homeowner in Ferry Pass can save about $23,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Ferry Pass that can help you get a more accurate cost estimate for your home.
Solar savings over time in Ferry Pass
| Year | Return on Investment |
|---|---|
| 1 years | $-8,874 |
| 3 years | $-6,007 |
| 5 years | $-3,140 |
| 7 years | $-273 |
| 9 years | $2,595 |
| 11 years | $5,462 |
| 13 years | $8,329 |
| 15 years | $11,196 |
| 17 years | $14,063 |
| 19 years | $16,930 |
| 21 years | $19,797 |
| 23 years | $22,664 |
| 25 years | $25,531 |
Top Solar Installers in Ferry Pass
Many homeowners opt for a solar installer since installing solar panels by yourself can be a lot of work. The expertise that solar companies provide can be useful as well, particularly if you aren't sure what kind of solar equipment you need.
If you're searching for a solar company in Ferry Pass, the EcoWatch team has organized a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Ferry Pass
Factors that Affect Solar Panel Costs in Ferry Pass
There are a number of criteria that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,530. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, like solar batteries, can bring your total well above the Ferry Pass average.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable choice because they cut back your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also adds to your all-in costs, so it's vital to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you select will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that offers the products, warranties and services you're looking for and also fits within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.63 | $11,051 | $25,911 | 7.5 years |
| 8 kW | $2.58 | $14,451 | $34,831 | 7.3 years |
| 10 kW | $2.53 | $17,710 | $43,893 | 7.2 years |
| 12 kW | $2.48 | $20,827 | $53,097 | 7.0 years |
| 14 kW | $2.43 | $23,802 | $62,442 | 6.9 years |
| 16 kW | $2.38 | $26,636 | $71,929 | 6.8 years |
| 18 kW | $2.33 | $29,328 | $81,558 | 6.6 years |
| 20 kW | $2.28 | $31,878 | $91,328 | 6.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Ferry Pass, FL Solar Cost FAQs
How much does it cost to install solar panels in Ferry Pass?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,650 for a 5-kW system and $25,300 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Ferry Pass?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Does Ferry Pass have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Ferry Pass?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.